SolChip is an Israeli startup that has created a solar battery with “everlasting” power. The battery can recharge itself to power devices, eliminating the need to replace the power source. This is important for the growing Internet of Things industry–SolChip is estimated to reduce the platform costs of IoT by 60% (compared to alternatives on the market). In 2015, it won “Most Innovative Startup Company in Israel” at Innovex Disruption, and raised $5 million in funding. The battery is being integrated into smart streetlamps being produced in Israel this year.